FY2023 First Quarter Consolidated Financial Results [Japanese GAAP]

CyberAgent reported a consolidated operating loss of ¥1,255 million for Q1 FY2023 (ending December 31, 2022), a significant reversal from the ¥19,804 million operating income recorded in the same period the previous year.

The Game Business segment experienced a sharp downturn, with sales falling 29.9% to ¥40,916 million and operating income dropping 69.6% to ¥5,212 million as major titles moved past their anniversary peaks.

The Media Business, driven by FIFA World Cup Qatar 2022 coverage, grew net sales by 34% to ¥33,485 million, though heavy content and distribution costs resulted in an operating loss of ¥9,356 million.

The Internet Advertisement Business remained the company's core revenue driver with ¥95,639 million in sales (an 8.9% increase), although operating income for the segment declined by 13% due to broader economic conditions.

Total consolidated net sales for the quarter declined 2.1% year-on-year to ¥167,577 million, resulting in a net loss attributable to owners of the parent of ¥5,002 million.

Despite the quarterly losses and increased liabilities from convertible bond issuance, CyberAgent maintained its full-year forecast of ¥720,000 million in net sales and ¥40,000–¥50,000 million in operating income.